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Red Hat Inc (NYSE:RHT) target price raised to $86.66, reported today by Vetr Inc.

Boasting a price of $80.83, Red Hat Inc (NYSE:RHT) traded 0.84% higher on the day. The last stock close price is up 8.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $75.06 and a two hundred day average of $74.58. Volume of trade was up over the average, with 1,678,171 shares of RHT changing hands over the typical 1,602,860

Red Hat Inc (NYSE:RHT) had its target bumped up to $86.66 by Vetr Inc. in a report issued 10/03/2016. The upped price target implies a possible upside of 0.07% based on the company's most recent stock price close.

Performance Chart

Red Hat Inc (NYSE:RHT)

With a total market value of $0, Red Hat Inc has price-earnings ratio of 67.98 with a one year low of $59.59 and a one year high of $84.44 .

A total of 30 equity analysts have released a ratings update on RHT. Eight equity analysts rating the company a strong buy, eighteen equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $88.13.

Brief Synopsis About Red Hat Inc (NYSE:RHT)

Red Hat, Inc. (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.

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